FINANCIAL HIGHLIGHTS In Rp billion In SGD million * 2021 Actual 2022 Actual 2023 Actual 2021 Actual 2022 Actual 2023 Actual Revenue 19,659 17,797 16,003 1,733 1,568 1,410 Gross profit 5,073 4,559 3,282 447 402 289 Gain/(loss) arising from changes in fair value of biological assets 113 (136) 13 10 (12) 1 Profit from operations 2,826 2,702 1,948 249 238 172 Net profit after tax 1,287 1,318 936 113 116 82 Profit attributable to owners of the Company 759 770 614 67 68 54 EPS (in Rp)/(in SGD ‘cents) 544 552 440 4.8 4.9 3.9 Current assets 9,550 10,552 9,944 815 901 849 Fixed assets 18,527 18,136 17,582 1,582 1,548 1,501 Other non-current assets 9,559 9,578 9,592 816 818 819 Total assets 37,636 38,266 37,118 3,213 3,267 3,169 Current liabilities 9,970 9,883 9,582 851 844 818 Non-current liabilities 6,230 5,231 3,620 532 447 309 Total liabilities 16,200 15,114 13,202 1,383 1,291 1,127 Shareholders' equity 11,601 12,900 13,545 991 1,101 1,157 Total equity 21,436 23,152 23,916 1,830 1,977 2,042 Total debt 10,334 9,144 7,796 882 781 666 Cash 3,764 4,422 5,226 321 378 446 In Percentage (%) 2021 Actual 2022 Actual 2023 Actual Sales growth/(decline) 35.8% (9.5%) (10.1%) Gross profit margin 25.8% 25.6% 20.5% Profit from operations margin 14.4% 15.2% 12.2% Net profit after tax margin 6.5% 7.4% 5.8% Profit attributable to owners of the Company margin 3.9% 4.3% 3.8% Return on assets 1 7.5% 7.1% 5.2% Return on equity 2 6.5% 6.0% 4.5% Current ratio (times) 1.0 1.1 1.0 Net debt to equity ratio (times) 3 0.31 0.20 0.11 Total debt to total assets ratio (times) 0.27 0.24 0.21 1 Profit from operations divided by total assets 2 Profit attributable to owners of the Company divided by shareholders’ equity 3 Net debt divided by total equity * For ease of reference, 2021 to 2023 Income Statement and Balance Sheet items are converted at exchange rates of Rp11,347/SGD1 and Rp11,712/SGD1, respectively. GROUP PERFORMANCE REVIEW GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd 14
RkJQdWJsaXNoZXIy NTkwNzg=